It's uncharted waters. China was worried about investor confidence before, obviously they are less worried now. Nobody knows how much they are worried about it, including them I imagine.neverfail wrote: ↑Fri Nov 29, 2019 12:33 pmGood point. The sanctions are directed against Hong Kong, not mainland China. Beijing can afford to let this troublesome enclave wither in the vine.Sertorio wrote: ↑Fri Nov 29, 2019 12:25 pmHong Kong may be useful to China, but it isn't vital. China has Shanghai, which fulfills very much the same functions of Hong Kong.Doc wrote: ↑Fri Nov 29, 2019 11:47 amWhat they got from it (This is at least the second time they have flown American flags) is a US commitment to end Hong Kong's special financial status with the US should the CCP take Hong Kong by force. Which would cause great damage to China's economy in the long run. Plus if the US did that other countries would follow.Sertorio wrote: ↑Fri Nov 29, 2019 10:27 amIf I were the Hong Kong people, the last flag I would hoist would be the American one. It's the surest way to get China to smash the democracy movement in Hong Kong. Any other flag, the Monaco or the Gibraltar ones, for instance, would be a lot wiser...Hong Kong people may be good at making money but they do not seem to be capable of thinking things through... A bit like yourself, Cass...
The Chinese model is a growing economy in exchange for freedom. How much of a hit can they take? How much will the HK movement inspire the mainland? Nobody really knows.
To muddy the waters a bit more:
What is often missed in the western coverage, and I heard this from some Cantonese speakers, is that many southerners find the CCP another manifestation of Manchu domination.
As far as Canada is concerned, the uncertainty around HK returning to Chinese control was a bonanza for us last time and I would expect the same if the CCP gets too heavy handed this time. Perhaps we should root for the CCP!